- 10,275
Officially, you can read about the announcement here:
America's Largest Insurance Association
Full Statement:
Dear members:
It is with great trepidation and disappointment that I am officially announcing the dissolution of the largest US Insurance Association..."The Health Insurance Shop."
With more than 55,000 members worldwide and a strong balance sheet, the time has come to move on to other more challenging projects. I have greatly enjoyed being your leader and mentor since 1981 when this great Association was formed.
Throughout the years, we have been the nation's recognized premier resource for invaluable health insurance information and support for so many members, institutions and insurance professionals.
As mentioned...our balance sheet is strong. As of 1-1-10, we had $4,075,500 in current assets and only $1,650,400 in current liabilities. All short-term obligations have been paid and all existing mortgages on our properties have been paid off. Indeed, we are in great financial shape.
Between now and July 1, all of these assets will be liquidated. Approximately 12% will be distributed to selected long-term members and the balance will be donated to the upcoming "Walk Across America For Groats Disease" which will take place in the Spring.
I will be in contact with the IHIAA and ILIAA to provide them complete access to our member list for immediate contact. Other than first name and email, no other information will be provided.
Further details will be released and all financial records will be open to the public.
On a personal note, I have enjoyed every minute of the time I have spent building this Association into what has become an American insurance legend. I have dined with politicians, mingled with professional athletes and graciously become friends with many of Hollywood's finest. But it is you...the member that has given me the most joy.
Thank you so much for all you have done and the time you have graciously donated. You, the members, are the ones that made this Association great. And that never will be forgotten.
Sincerely
Ed
America's Largest Insurance Association
Full Statement:
Dear members:
It is with great trepidation and disappointment that I am officially announcing the dissolution of the largest US Insurance Association..."The Health Insurance Shop."
With more than 55,000 members worldwide and a strong balance sheet, the time has come to move on to other more challenging projects. I have greatly enjoyed being your leader and mentor since 1981 when this great Association was formed.
Throughout the years, we have been the nation's recognized premier resource for invaluable health insurance information and support for so many members, institutions and insurance professionals.
As mentioned...our balance sheet is strong. As of 1-1-10, we had $4,075,500 in current assets and only $1,650,400 in current liabilities. All short-term obligations have been paid and all existing mortgages on our properties have been paid off. Indeed, we are in great financial shape.
Between now and July 1, all of these assets will be liquidated. Approximately 12% will be distributed to selected long-term members and the balance will be donated to the upcoming "Walk Across America For Groats Disease" which will take place in the Spring.
I will be in contact with the IHIAA and ILIAA to provide them complete access to our member list for immediate contact. Other than first name and email, no other information will be provided.
Further details will be released and all financial records will be open to the public.
On a personal note, I have enjoyed every minute of the time I have spent building this Association into what has become an American insurance legend. I have dined with politicians, mingled with professional athletes and graciously become friends with many of Hollywood's finest. But it is you...the member that has given me the most joy.
Thank you so much for all you have done and the time you have graciously donated. You, the members, are the ones that made this Association great. And that never will be forgotten.
Sincerely
Ed
